Over time we have found that artificial intelligence is able to outperform humans in more and more activities. Previously economists held the belief that computers could only carry out actions based on a set of rules that humans encoded but now were a finding that computers have learned to create these rules.
As artificial intelligence automatizes more jobs that capital with rise relative to the labor and the amount of labor necessary with decrease. There will be very few people needed to perform necessary jobs while the overall population will become more unequal and unhappy.
One of the solutions proposed to solve the upcoming displacement of workers due to tech is a change in our education. Rather than teaching students how to enter the work industry, they are taught to productively use leisure time. Another proposition is the idea of a universal basic income, a minimum income provided by the government to every citizen. Yet studies have found that giving people money is not enough, they have to have a purpose in life.
Overall, the rise of artificial intelligence is an impending issue that may change the entire infrastructure of our country. When most of the jobs are replaced by robots, what will the average citizens do with their time?
https://www.ft.com/content/84bcb90c-2588-11ea-9305-4234e74b0ef3
One of the solutions proposed to solve the upcoming displacement of workers due to tech is a change in our education. Rather than teaching students how to enter the work industry, they are taught to productively use leisure time. Another proposition is the idea of a universal basic income, a minimum income provided by the government to every citizen. Yet studies have found that giving people money is not enough, they have to have a purpose in life.
Overall, the rise of artificial intelligence is an impending issue that may change the entire infrastructure of our country. When most of the jobs are replaced by robots, what will the average citizens do with their time?
https://www.ft.com/content/84bcb90c-2588-11ea-9305-4234e74b0ef3
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